Old Dominion Freight Line
The 10-second takeaway
For the quarter ended March 31 (Q1), Old Dominion Freight Line met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share grew significantly.
Margins increased across the board.
Old Dominion Freight Line booked revenue of $532.6 million. The 14 analysts polled by S&P Capital IQ hoped for a top line of $531.4 million on the same basis. GAAP reported sales were 7.1% higher than the prior-year quarter's $497.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.47. The 19 earnings estimates compiled by S&P Capital IQ predicted $0.42 per share. GAAP EPS of $0.47 for Q1 were 31% higher than the prior-year quarter's $0.36 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 26.2%, 190 basis points better than the prior-year quarter. Operating margin was 12.4%, 150 basis points better than the prior-year quarter. Net margin was 7.6%, 130 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $583.7 million. On the bottom line, the average EPS estimate is $0.63.
Next year's average estimate for revenue is $2.29 billion. The average EPS estimate is $2.30.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 103 members out of 123 rating the stock outperform, and 20 members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 give Old Dominion Freight Line a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Old Dominion Freight Line is outperform, with an average price target of $40.14.
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